What Challenges Do Leaders Face in Managing Physical Assets?
Managing physical assets comes with several challenges:
1. Depreciation: Assets lose value over time. Leaders must account for depreciation in their financial planning and asset management strategies. 2. Obsolescence: Technological advancements can render certain assets obsolete. Leaders need to stay updated with industry trends and plan for timely upgrades. 3. Resource Allocation: Balancing the investment in physical assets with other business needs requires careful planning and prioritization.